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- Avidbank in the USA partners with Corserv to launch a new credit card offering for commercial clients.
- Corserv’s Role:
- Corserv’s Account Issuer solution will support card issuance, processing, servicing, and program management.
- Features and Benefits:
- The partnership will provide Avidbank’s commercial, municipal, and non-profit customers with a wider range of credit card products, including virtual cards.
- Functions for expense reporting, spending controls, and transaction insights will be available.
- Statements:
- Anil Goyal, CEO of Corserv, states that the features will enable Avidbank to meet the needs of customers ranging from the smallest to the largest.
- Previous Implementations:
- Corserv’s Account Issuer solution has been selected by other banks such as Busey Bank in Illinois, Peoples Bank in Ohio, and Meridian Bank in Pennsylvania over the past year.
- Avidbank Overview:
- Based in California, Avidbank offers deposit, cash management, and online banking services.
- Manages over $2 billion in assets.
- Provides a range of lending services including mortgages, venture and asset-based lending, sponsor finance, and construction and commercial real estate loans.
- Primarily serves customers in San Francisco, Santa Clara, and San Mateo counties.
